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Digitalsmiths has raised and amount of $12 million in the second round of funding. With the current economic crisis going on, this amount raised is significant. The amount will be used for the company’s video search and analytics business. The round was led by .406 Ventures and was participated by existing investors Chrysalis Ventures and The Aurora Funds. With this round of funding, the total amount raised by the company so far has reached $18 million. The company has customers such as Essence magazine, WB.com TMZ.com, etc.